Over the past few days, I have released information on what could be the largest shale oil find ever recorded.

It's located in an area of Australia called the Arckaringa Basin and contains as much as 233 billion barrels (or more) of recoverable shale oil.

That's more than all of the estimated oil in Iran, Iraq, Canada, or Venezuela. And it's just 30 billion barrels shy of the estimated reserves in all of Saudi Arabia.

The discovery at the Arckaringa basin is so big it's already prompting some observers to begin talking about energy independence for Australia, much in the same way Americans did after similar discoveries in the Bakken, Marcellus, Eagle Ford, and Utica basins.

And there is one small company that controls what is shaping up to be the biggest worldwide oil project to hit in decades.

The Opportunity in the Arckaringa Basin

Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.

Canadian oil sands deposits alone, not including conventional oil reserves, is estimated to be 2.5 TRILLION barrels of oil. That is trillion with a "T", not billion. That is according to oilsands.infomine.com. I cannot believe that this publication, Money Morning, especially Dr. Kent Moors, continually gives the numbers for Canadian oil reserves at between 170 billion and 180 billion barrels. That is just Alberta alone. There are huge reserves in Saskatewan and British Columbia, and huge oil reserves off the coast of Newfoundland and Nova Scotia. And that doesn't even include the northern territories. And those touted numbers are only the most easily accessible bitumin. Good for Australia, that they found that big pool of oil. But it is no where near the Canadian amount of reserves. When is Money Morning going to do a COMPREHENSIVE report on the oil industry in Canada??????

I see what you mean by 2.5 trillion but that is 2.5 trillion barrels in bitumen…. that is some thick nasty stuff and is not economical at today's prices. The 175 Billion reserves that are cited by everyone is economical with current technology.

It is possible to mine the 5888888 trillion in gold reserves on meteors that are in the milky way…. but it is highly unlikely in our lifetimes my friend.

As I wrote somne years ago, (at the time) only 1-12% of the world's energy resources had been discovered. Over the last few years we've increased that to 20-22%. That still leaves a lot of energy waiting, hoping, to be discovered and developed. The real opportunity isn't with the Top 5, it's with the second tier of exploration and development companies, looking for ways to make their mark. A huge risk is that as current development comes to market, demand may become less than supply, and the real and phony competition posed by OPEC, and others now forming, to "assist in maintaining market equilibrium" will sucumb to true market forces, and prices will go lower, even much lower, by as much as 60-70% from current levels. Geography and local production will also enter the equation.

I would be curious to find out how long it would 'take' to get the Australian Shale Gas operations into Production. Some of those smaller companies could run out of money before they even get started. The bigger dinasaurs might be slow-moving so we wait and wait to see a return on investment. In the meantime, I will keep a watch.

i would like to know who i have to talk to for stocks. i would like to be a part of australias discovery. im not rich by all means. im new in this. i want to able to buy a few stocks. why does all the big fish get the best. the little fish would like some food too. so let me know a number to calll or to speak to some one. thank you, an have a great day. DAN SOLAZZO,SR.

The shale oil plant is already in place but in act of utter stupidity the Queensland government shelved it Peter Beatty the then premier gave it plus all the rights to link. Corrupption ? Yes link paid 2 million for a plant which cost 200 million to build . Sound like a safe investment?

Greetings, I also would like to know how to obtains shares n the Australian oil discovery. Have made lots of enquiries with different companies here but they say they do not have them registered . Hope you can hep. Be Blessed. Adele

Adele, Keep reading and studying…look up(type in) key words on Google or Bing. Then look up the articles that come up from your searches…become an expert on the stocks you want to invest in. Linc Energy LTD is on the Australian Securities Exchange(ASX) under the ticker symbol "LNC", it's also in the OTC (Over the counter) exchange as LNCGY.

I have beemn investing for 35 years amd I still consider myself a 'little fish' I have had two major subscriptions with affiliates of this group. They gave me best buys for three 'mouse' penny stocks that turned into elephants. I took me a long long time to be well heeled enough to able to take the market in stride, when the strides went backward on me, and still be able to sleep at night. It's a slow go until a ten bagger comes along.

Central Petroleum has even more oil, gas, and coal in Central Australia. About 1 trillion tonnes of coal –> GTL/UCG; 300 billion barrels of oil conventional and unconventional; and trillions of cubic feet of gas; along with helium.

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